Originally Posted by ReggieDurango

Wrong.

The real issue here is that Smash didn't wait until Universal released THEIR movie of 50 Shades of Grey... then Smash would have had no problems releasing a "parody" of that movie. However, Universal bought the "film" rights to adapt the book, and Smash made a "film" which since the Universal movie hasn't come out yet, they are not allowed to do - so it's not a parody issue, it's a film rights issue.